Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

POET Technologies Inc (NASDAQ: POET) closed the day trading at $6.24 down -5.17% from the previous closing price of $6.58. In other words, the price has decreased by -$5.17 from its previous closing price. On the day, 3.78 million shares were traded. POET stock price reached its highest trading level at $6.88 during the session, while it also had its lowest trading level at $5.94.

Ratios:

For a better understanding of POET, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on November 18, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, POET now has a Market Capitalization of 565519936 and an Enterprise Value of 474835968. For the stock, the TTM Price-to-Sale (P/S) ratio is 2639.21 while its Price-to-Book (P/B) ratio in mrq is 15.01. Its current Enterprise Value per Revenue stands at 2380.405 whereas that against EBITDA is -14.621.

Stock Price History:

The Beta on a monthly basis for POET is 0.34, which has changed by 1.2206407 over the last 52 weeks, in comparison to a change of 0.16260707 over the same period for the S&P500. Over the past 52 weeks, POET has reached a high of $7.79, while it has fallen to a 52-week low of $2.27. The 50-Day Moving Average of the stock is 25.14%, while the 200-Day Moving Average is calculated to be 37.46%.

Shares Statistics:

Over the past 3-months, POET traded about 1.63M shares per day on average, while over the past 10 days, POET traded about 4168920 shares per day. A total of 84.59M shares are outstanding, with a floating share count of 83.57M. Insiders hold about 1.20% of the company’s shares, while institutions hold 3.50% stake in the company. Shares short for POET as of 1751241600 were 4730385 with a Short Ratio of 2.89, compared to 1748563200 on 3618561. Therefore, it implies a Short% of Shares Outstanding of 4730385 and a Short% of Float of 5.5999998.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

The company has 1.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.39 and -$0.39 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.12, with 1.0 analysts recommending between -$0.12 and -$0.12.

Revenue Estimates

For the next quarter, 1 analysts are estimating revenue of $699.42k. There is a high estimate of $699.42k for the next quarter, whereas the lowest estimate is $699.42k.

A total of 1 analysts have provided revenue estimates for POET’s current fiscal year. The highest revenue estimate was $4.82M, while the lowest revenue estimate was $4.82M, resulting in an average revenue estimate of $4.82M. In the same quarter a year ago, actual revenue was $59.55kBased on 1 analysts’ estimates, the company’s revenue will be $56M in the next fiscal year. The high estimate is $56M and the low estimate is $56M.